THE INSANELY RIGGED ECONOMY
Yesterday, while tens of millions of families were struggling to pay for rent, food, healthcare, childcare and gas, seven of Trump's oligarchic friends became $210 billion richer. Not last week. Not over the past decade. In less than 24 hours, these 7 men, the wealthiest people on earth, became $210 billion richer.
Incredibly, since Trump was elected on November 5, 2024, these 7 men, all Big Tech Oligarchs, have become more than $1.5 trillion richer and are now collectively worth over $2.8 trillion. Meanwhile, we have the highest rate of childhood poverty of any other wealthy nation, young adults have a lower standard of living than their parents and over 20% of our seniors are trying to survive on an annual income of $15,000 a year or less.
Yes. We are living in an oligarchy.
A Good Day for Trump’s Friends:
Yesterday, Elon Musk, the richest man in the world, got $164.8 billion richer and is now worth $1.4 trillion. He’s worth $1.1 trillion more than on Election Day.
Yesterday, Larry Page, the second wealthiest man in the world, gained $7.61 billion in wealth and is now worth $314 billion. He’s worth $161 billion more than on Election Day.
Yesterday, Sergey Brin, the third richest man in the world, got $7.01 billion richer and is now worth $292 billion. He’s worth $148 billion more than on Election Day.
Yesterday, Jeff Bezos, the fourth richest man in the world, gained $6.96 billion in wealth and is now worth $267 billion. He’s worth $46 billion more than on Election Day.
Yesterday, Larry Ellison, the fifth wealthiest man in the world, gained $8.92 billion in wealth and is now worth $247 billion. He’s worth $63 billion more than on Election Day.
Yesterday, Michael Dell, the sixth richest man in the world, got $5.86 billion richer and is now worth $218 billion. He’s worth $101 billion more than on Election Day.
Yesterday, Mark Zuckerberg, the seventh richest man in the world, gained $9.16 billion in wealth and is now worth $211 billion. He’s worth $8 billion more than on Election Day.
Dr. Martin Luther King, Jr. said it best: “Call it democracy or call it democratic socialism, but there must be a better distribution of wealth within this country for all of God’s children.”